Washington: The US on Wednesday launched a trade fight against Mexico, accusing the president of Andres Manuel Lopez Obradorthe government of in favor of its state-owned utility and oil company At the expense of American businesses.
The US is seeking dispute settlement consultations under the US-Mexico-Canada agreement—the first step to lead to tariffs on a range of Mexican products. It also represents a challenge by the Biden administration to the efforts of Mr. López Obrador gain government control in the country’s oil and electricity markets.